{"id":519498,"date":"2023-02-13T19:00:09","date_gmt":"2023-02-13T19:00:09","guid":{"rendered":"https:\/\/wncen.com\/?p=519498"},"modified":"2023-02-13T18:48:44","modified_gmt":"2023-02-13T18:48:44","slug":"fantom-moves-closer-to-crucial-support-is-this-short-term-price-correction","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/fantom-moves-closer-to-crucial-support-is-this-short-term-price-correction\/","title":{"rendered":"Fantom Moves Closer To Crucial Support, Is This Short-Term Price Correction?"},"content":{"rendered":"
The Fantom price had seen a significant increase at the beginning of February; however, FTM had seen a substantial decline at the time of publication. Over the last 24 hours, FTM retraced over 4%, and in the previous week, the token lost above 21% of its market value.<\/p>\n
With the Bitcoin price sliding on the chart, the broader market has been depicting weakness, with many tokens struggling to remain above their immediate support. The technical outlook of Fantom also suggested that demand and accumulation had fallen over the past two weeks.<\/p>\n